NBGP Properties, a subsidiary of Serbian property firm Delta Real Estate, said it has purchased the Hotel Continental and other properties owned by International CG (Genex) in Belgrade for EUR 148.8 mln through a public tender. Properties purchased include the hotel, along with apartments, business facilities and tennis courts comprising a total of 72,225 m[sup]2[/sup].
Morgan Stanley spin-off, Proprium, made a 20-times multiple on its €65 mln equity investment in 2007 in Motel One.
